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Could such variations trigger changes in the cyber insurance market and, if so, how will they impact insurance carriers and organizations? Learn the 7 keys to better risk assessment. | Get the latest from CSO by signing up for our newsletters. ]. Shifting ransomware priorities impacting claim costs.
Cyberrisks, especially those emanating from third and fourth parties, are escalating. Successful breaches via the supply chain increased from 44% in 2020 to 61% in 2021, according to Accenture.
Many organizations transact with hundreds of third-party partners, according to EY’s Global Third-Party Risk Management Survey 2019-2020 , a trend that PwC finds shows no sign of slowing, even as the risks increase.
SolarWinds Corporation, which suffered a major breach of its Orion software platform in December 2020, submitted a U.S. Securities and Exchange Commission (SEC) filing on June 23rd, saying the enforcement staff of the SEC provided the company with a Wells Notice related to its investigation into the cyber incident.
The rise of ransomware attacks that occurred after the global pandemic in March 2020 remains a problem. According to a new report from IDC and Magnet Forensics, the significant lack of cybersecurity skills gap and a plethora of other cyberrisks are growing concerns. However, ransomware is not the only threat.
In fact, 77% of CISOs said it was challenging to orchestrate alerts between products from multiple security vendors, according to Cisco’s 2020 Cybersecurity Benchmark Study. It’s no wonder that 87% of security leaders think their organizations are falling short in addressing cyberrisks, according to the 2020 IDG Security Priorities Study.
cybersecurity M&A deals hit 151 in the first three quarters of 2021, compared to 80, 88 and 94 in 2018, 2019 and 2020, respectively, according to data from 451 Research. According to CSO, 2021 shaped up to be an active year for mergers and acquisitions in the cybersecurity industry. In fact, the volume of U.S.
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